Tuesday, August 10, 2021

Global banks unwind lucrative India trades after RBI warning

The Reserve Bank of India warned the banks of a regulatory breach last week, saying they must limit their holdings of unlisted securities to no more than 10% of investments classified as the non-statutory liquidity ratio portfolio.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/global-banks-unwind-lucrative-india-trades-after-rbi-warning/articleshow/85231986.cms

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